Interested to Buy Any Domain ? << Click Here >> for more details...
what is the Journal entry for Salaries outstanding? Giv an
example.
- 27 Answers
- 167182 Views
- ACS, Apple, Cognizant, Genpact, HSBC, Infosys, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sanjaya bbllav mohanty
salary a/c dr
to salary outstanding a/c
wnen paid
salary outstanding a/c dr
to cash / bank cr
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / santosh kumar
First entry for Salary Outstanding:-
Salary A/C Dr
To Outstanding Salary A/C
(Being salary due for the month)
When paid?
Salary Outstanding A/C Dr
To Bank A/C
(Being outstanding salary paid)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / naresh
Keep in mind every time when you're preparing a journal entry
Assets always shows debit balance
Liabilities always shows credit balance
When payment is not made
Salary Dr
Outstanding salary CR
When payment is made
Outstanding salary Dr
Cash CR
Final entry
salary Dr
To cash CR
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / bala
salary A/c Dr. xxx
To salary outstanding A/c xxx
(being salary for due)
salary outstanding A/c Dr. xxx
To salary A/c xxx
(being salary paid)
| Is This Answer Correct ? | 4 Yes | 7 No |
Answer / yogendra pratap singh
overhead salries A/c Dr
To outstanding salaries a/c
| Is This Answer Correct ? | 0 Yes | 4 No |
Answer / waqar
nononononon
first
salary a/c dr
outstanding salary a/c cr
beginning of year
we transfer outstanding salary to salary expense a/c
by
outstanding salary dr
salary expense a/c cr
and when payment made
salary expense dr
cash /bank cr
| Is This Answer Correct ? | 3 Yes | 20 No |
Answer / subash
salary a/c dr
to salary payable a/c
salary due
salary a/c dr
to bank/cash a/c
payment
| Is This Answer Correct ? | 12 Yes | 34 No |
What is the difference between authorized capital and issued Capital of a private limited company incorporated in Hong Kong
if i want a c form from sale tax department and i have cst number. what would it cost to me.
what is holding company, explain brief?
What is the criteria for appointment of a CS in a company?
I WANT TO DO THE CS AND THEREFORE I M WORKING HARD THE PREIOUS QUESTIONS WHICH I AM ASK TRY TO GIVE IT TIMMORROW IS POSSIBLE.
Does provisions need to be subtracted from reserves if net worth is calculated on the basis of share capital based method
what is Producer of a wounding up of a company?
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
how will create minutes/time for our browsing customers
Hi I would like to know about TDS on Service Tax invoices.We are in rental basis shopping mall.We will raise the bill with service tax.2 types of invoice 1 Rental Invoices with service tax 2. Comman Area charges with service Tax Please let me know how the tenant need to deduct the TDS On gross or Basic.......?
What is Nominal value of Share?
what mean by derivatives?
Audit 
